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Titanic maker says it is insolvent

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Harland & Wolff, the 163-year-old shipbuilder that made the Titanic, announced that it is insolvent.

The U.K. shipbuilder plans to begin a restructuring effort in the coming days.

Company officials said its "core operations," including the Belfast shipyard that built the Titanic, would not be impacted by the proceedings.

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